When Students Need Savings

With tuition fees, course costs, materials, text books, field trips, as well as the rising cost of living, being a student is expensive. While you can save some money by applying for grants, scholarships and loans, it probably won’t be enough. You could take a part-time job, but you don’t want to work so much that you neglect your studies. These are some simple ways you can save money while you study.

Studying online, such as an online MBA degree can be a great way to save money. You don’t have to move, or quit your job. It gives you much more flexible options. If you are interested in online MBA programs get in touch with Northeastern University for some great options. Part-time study would be another option.

Go Second Hand

When it comes to text books for university, second hand is a great option. Check sites like eBay, as many graduates sell their books on when they are finished with them.

Switch Off

This is an easy one that so few of us do. When you leave a room, turn your lights off. Turn your appliances off, instead of on to stand-by. Only have on what you need. It’s a small thing, but over a year it can end up saving you quite a lot of money.

Walk

Save money, and keep fit by walking instead of driving or using public transport. You save on petrol and parking or tickets. For longer distances, book tickets in advance to save money.

Food

Food is one of our biggest expenses, but there are easy ways to save money. Firstly, before you go shopping, plan your meals for the week ahead, and write a list, only buying what’s on the list. Consider buying own-brand, instead of more luxury products. Often, when you’re cooking from scratch, you won’t tell in the end product if the ingredients are cheaper. Lastly, cook in large batches, and freeze any extra. It’s much cheaper to cook like this.

Make Sure You’re Getting the Best Deals

Look at all of the options when it comes to utility and service providers, as you may get cheaper elsewhere. Alternately look at where you can cut back: do you really need all of those minutes on your cell phone contract?

Make Gifts and Cards

When it comes to birthdays and Christmas, get crafting! Homemade gifts can be wonderful and there’s nothing more thoughtful than taking the time to make something for someone. Great adult crafts can include bath products, candles, upcycled clothing and picture frames.

Have Nights In

As a student, it’s tempting to go out every night, but this can be ridiculously expensive. Have the odd night in to save money. Invite your friends round, cook a meal together. Alcohol from a shop is much cheaper than in a bar or restaurant.

Don’t let financial issues stop you studying for the job of your dreams. Just make some cut backs, and be careful. Many people find writing a budget down helps them stick to it.